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Indonesia Gears Up for IMF, World Bank Annual Meetings

TEMPO.CO, Jakarta – Indonesia is gearing up for IMF and World Bank Annual Meetings in October 2018 in Bali. Transportation Minister Budi Karya Sumadi said he will provide adequate transportation for the annual meeting. “The Transportation Ministry’s role is to provide transportation services, particularly airports,” he said after a coordinated meeting at the Coordinating Ministry of […]

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Indonesia Investment Week Singapore Chapter to be Held in July

TEMPO.CO, Jakarta – Indonesia will hold the Indonesia Investment Week Singapore Chapter 2017 on July 13-15 in the Marina Bay Sands, Singapore. According to Zaidin A. Zaiti, PT Eksibit Internasional president director, the event would promote investment opportunities in Indonesia to foreign investors. Eksibit Internasional is the organizer of International Investment Week since 2004. The […]

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Indonesia: BI Increases Reference Rate

TEMPO.CO, Jakarta – Bank Indonesia (BI) plans to increase its 7-day reverse repo benchmark rate by over 25 basis points (bps). DBS Bank research group economist Gundy Cahyadi told Antara on Sunday, March 12, 2017, that The Federal Reserve’s plan to increase interest rates this month may trigger Bank Indonesia to follow suit. Considering current […]

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Indonesia: Industry Ministry Targets Furniture Exports to Reach 26.8tn

TEMPO.CO, Jakarta – Industry Minister Airlangga Hartarto said that furniture and craft industry is one of export-oriented labor industry sectors that employ more than 500,000 workers. With such great potentials, the government target furniture exports to reach US$ 2 billion or around Rp 26.8 trillion. “The exports will total US$ 5 billion by 2020. The export markets are The United States, Japan, and Western Europe,” Airlangga claimed […]

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Deputy governor: Enough rate cuts for Indonesia

JAKARTA: Indonesia’s central bank has cut borrowing costs enough to spur growth in the economy, senior deputy governor Mirza Adityaswara said, giving his clearest signal yet that the bank’s easing policy is over as inflation pressures pick up. Boosting growth is “not about interest rates anymore,” Adityaswara said in an interview here yesterday. “We monitor […]

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